North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 21 - THIRD PARTY ADMINISTRATORS
Section .0100 - GENERAL PROVISIONS
Section 21 .0102 - FINANCIAL STATEMENTS

Universal Citation: 11 NC Admin Code 21 .0102
Current through Register Vol. 39, No. 6, September 16, 2024

The financial statements required by G.S. 58-56-51(b)(4) shall include a balance sheet, a statement of operations, and a statement of cash flows for the TPA's two most recent fiscal years. Financial statements shall be prepared by an independent certified public accountant. Financial statements of a TPA's parent company are acceptable if those statements contain consolidating schedules that include a breakout of the finances of the TPA, and if the certified public accountant's opinion letter does not disclaim association with the consolidating schedules.

Authority G.S. 58-2-40; 58-2-205; 58-56-51;
Eff. June 1, 1996;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 16, 2014.

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